EURAUD: Complete Indecision 🇪🇺🇦🇺
Very peculiar situation on EURAUD pair:
the market is stuck between 2 structures,
one - major weekly resistance,
one - key daily support.
Depending on the reaction of the price to these structures, I see 2 potential scenarios:
If the price breaks 1.528 - 1.538 resistance and closes above that on a weekly,
I will expect a bullish trend continuation to 1.558
If the price breaks 1.516 - 1.52 support and closes below that on a daily,
I will expect a bearish move at least to 1.505.
Wait for a breakout and the follow the market.
What do you expect?
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
❗️YouTube Channel youtube.com/c/VasilyTrader
💰Instagram: instagram.com/VasilyTrader/ 💰
✅Facebook: facebook.com/VasilyTrading/ ✅
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.